Asked by Zach

What is the annual interest rate if $1600 is invested for 6yrs. and 456 in intrest is earned
Answered by Henry
I = r*t*Po = $456.
r*6*1600 = 456,
9600r = 496,
r = 0.0475 = 4.75% = APR.
Answered by asheley
15525
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